Ricoh 2009 Annual Report Download - page 17

Download and view the complete annual report

Please find page 17 of the 2009 Ricoh annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 82

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82

To Our Shareholders
and Customers
Fiscal 2009
Highlights
Progress of the
16th MTP
Creating New
Customer Value
RICOH
Milestones
Sustainable Environ-
mental Management
Corporate Social
Responsibility
Financial
Section
P r o g r e s s o f t h e 16 t h M i d - T e r m M a n a g e m e n t P l a n
ANNUAL REPORT 2009 16
To Our Shareholders
and Customers
Fiscal 2009
Highlights
Progress of the
16th MTP
Creating New
Customer Value
RICOH
Milestones
Sustainable Environ-
mental Management
Corporate Social
Responsibility
Financial
Section
Q4 Q5
■ 16th MTP targets (by the end of fiscal 2011）
Net sales: ¥2,300 billion
(previous: ¥2,500 billion)
Operating income: ¥170 billion
(previous: ¥250 billion)
Operating margin: 7.4%
(previous: 10.0%)
Forex assumptions: $1=¥90
(previous: $1=¥105)
€1=¥120
(previous: €1=¥155)
Please describe the revised 16th
MTP targets.
No step backward in targets except for currency
fl uctuation effects
Our targets for the 16th MTP period ending fi scal 2011 were
revised in view of the effect of the IKON acquisition, the global
recession, and so on. However, excluding the effects of currency
exchange rate assumptions, we have not lowered our targets in
any substantive sense. We will continue working to expand our
business areas, improve profi tability and effi ciency, and ultimately
achieve an operating margin of 10%, although we may need a
slightly longer time to achieve the target than initially expected.
Last, but not least, is there a message you
would like to deliver to the shareholders
and investors of the Ricoh Group?
Our unchanging motto is: “Never give up until
you win.”
We strive for continuous growth. This is our responsibility to our
shareholders and investors. The key to achieving this is tireless
efforts until you succeed—in other words, “Never give up until
you win.”
We at the Ricoh Group are dedicated to supporting our
customers steadily and faithfully over years, based on our strong
customer contact capabilities. This is the core nature of our
business. Accordingly, our management team intends to lead the
Group based on long-term perspectives toward long-term goals
and interests.
While economic factors affect our earnings on a temporary
basis, our policy to pay dividends as consistently as possible
remains the same. Once the economy recovers, we will resume
our efforts to achieve our mid- and long-term target payout ratio
of 30%. We look forward to your continued support for many
years to come.